Company News
Schroders shares slide despite record high assets under management
Shares in Schroders were sliding on Thursday morning even after it announced a record high assets under management (AUM) of £773. 7bn in its half-year results, up from £726. 1bn a year earlier.
Vanquis Banking H1 losses widen amid transformation efforts
Sub-prime lender Vanquis Banking said on Thursday that interim losses had widened even as it made "good progress" on its transformation efforts.
Next raises profit guidance after strong first half
Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6. 7% increase compared to last year, following a robust sales performance in the first half.
Vesuvius lowers full-year expectations
Vesuvius tumbled on Thursday after it said end markets were weaker than expected in the first half and that full-year headline trading profit was set to be "only slightly ahead" of last year on a constant currency basis.
Smith & Nephew H1 profits come in ahead of expectations
Medical equipment manufacturer Smith & Nephew said on Thursday that interim profits had come in ahead of market expectations, thanks in no small part to the company's 12-point turnaround plan.
BAE Systems lifts full-year guidance as H1 earnings rise
Defence and aerospace firm BAE Systems lifted its full-year guidance on Thursday as it posted a jump in underlying sales and earnings for the first half.
Barclays raises interest guidance despite fall in first-half income
Barclays reported a return on tangible equity (RoTE) of 11. 1% for its first half on Thursday, down from 13. 2% in the same period last year, with profit before tax slipping to £4. 2b from £4. 6bn, although it raised its full-year net interest income guidance.
Shell Q2 earnings beat expectations, $3.5bn share buyback launched
Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3. 5bn share buyback.